Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:BALAT Balatacilar Balatacilik Sanayi ve Ticaret AS IST:BALAT
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What is Balatacilar Balataciliknayi ve Ticaret AS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Balatacilar Balataciliknayi ve Ticaret AS  (IST:BALAT) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Balatacilar Balataciliknayi ve Ticaret AS Cyclically Adjusted PB Ratio Related Terms


Balatacilar Balataciliknayi ve Ticaret AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Balatacilar Balataciliknayi ve Ticaret AS's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Balatacilar Balataciliknayi ve Ticaret AS Cyclically Adjusted PB Ratio Chart

Balatacilar Balataciliknayi ve Ticaret AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 40.98 19.89 37.99 65.54

Balatacilar Balataciliknayi ve Ticaret AS Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.05 46.71 37.96 79.21 42.15

IST:BALAT vs ORLY, AZO, GPC: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, Balatacilar Balataciliknayi ve Ticaret AS's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Balatacilar Balataciliknayi ve Ticaret AS Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Balatacilar Balataciliknayi ve Ticaret AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Balatacilar Balataciliknayi ve Ticaret AS's Cyclically Adjusted PB Ratio falls into.


IST:BALAT
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Balatacilar Balatacilik Sanayi ve Ticaret AS IST:BALAT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Balatacilar Balataciliknayi ve Ticaret AS Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Balatacilar Balataciliknayi ve Ticaret AS's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Balatacilar Balataciliknayi ve Ticaret AS's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=1.886/324.0540*324.0540
=1.886

Current CPI (Dec25) = 324.0540.

Balatacilar Balataciliknayi ve Ticaret AS Annual Data

Book Value per Share CPI Adj_Book
201612 0.254 241.432 0.341
201712 0.207 246.524 0.272
201812 0.115 251.233 0.148
201912 0.551 256.974 0.695
202012 0.453 260.474 0.564
202112 1.232 278.802 1.432
202212 1.319 296.797 1.440
202312 3.742 306.746 3.953
202412 5.628 315.605 5.779
202512 1.886 324.054 1.886

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Balatacilar Balataciliknayi ve Ticaret AS Business Description

Address Daire 708, Gumruk Is Merkezi, No.38, Cumhuriyet Bulvari, Konak Mahallesi, Izmir, TUR
Balatacilar Balatacilik Sanayi ve Ticaret AS is engaged in the production of friction materials. Its products include disc brake pads, brake linings, and fiber clutch.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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